How much interest is earned at 2-% if an amount of P10,500 was invested on October 3, 2021 and will mature on June 3, 2022? (A) P174.76 B) P10,675 C) P175 (D) P1,750

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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How much interest is earned at 2-% if an amount of P10,500 was invested on October 3, 2021 and will mature on June 3, 2022?
A) P174.76
B) P10,675
C) P175
D) P1,750
Transcribed Image Text:How much interest is earned at 2-% if an amount of P10,500 was invested on October 3, 2021 and will mature on June 3, 2022? A) P174.76 B) P10,675 C) P175 D) P1,750
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